Frequently Asked Questions

A DSCR loan is a type of business loan that is used to finance the purchase of large equipment or property. While a DSCR loan can be used for a variety of purposes, it cannot be used to finance the purchase of a primary house. This is because DSCR loans are secured by collateral, and a house cannot be used as collateral for a business loan. If you are looking to finance the purchase of a house, you will need to consider a traditional mortgage. However, if you are interested in financing the purchase of the investment property, a DSCR loan in Colorado may be the right option for you.

No, you cannot use your VA loan for investment properties. The loan must be used for the purchase of a primary residence only.

If you have any other questions about VA mortgage in California, feel free to reach out to our team of experts. We’re here to help guide you through the process and make sure you get the best possible deal on your loan.

Everyone who plans to buy a house by taking a mortgage should start with pre-approval. This stage helps plan all the further financial steps and gives a clear picture of how much you can afford. It doesn’t matter where you are in the process now, try to get pre-approved asap.
There are still options for lower credit score or damaged credit history. Contact our office to discuss available portfolio programs.
No, you don’t need a Green Card to qualify for a NON-US resident mortgage. However, it can help if you want to apply for long-term financing.
No, you do not need perfect credit to get a DSCR loan. However, your credit score will play a role in determining the interest rate you receive. Therefore, if you have any blemishes on your credit history, it’s always best to speak with a loan officer beforehand to see if you’re still eligible.
No, you do not need perfect credit to get a VA loan. However, your credit score will play a role in determining the interest rate you receive. If you have any blemishes on your credit history, it’s always best to speak with a loan officer beforehand to see if you’re still eligible.
No, you don’t need perfect credit to qualify for an FHA loan. You need to have a credit score of at least 500 to qualify. Even if you have had a bankruptcy or foreclosure in the past, you may still be eligible for an FHA loan.
No, you do not need to be a first-time home buyer to qualify for a VA loan. However, you will need to meet the standard credit and income requirements.
The pre-approval is used to analyze how much money you can borrow to buy a house. With so many available online pre-approval services, it doesn’t matter where you get a pre-approval letter. Anyway, we do not recommend using automatic pre-approval since you get a risk of unexpected issues when the home buying process starts.
The DSCR loan is perfect for real estate investors and businesses looking for a flexible financing option. This type of loan allows businesses to borrow money based on their future sales, making it ideal for businesses expecting to experience growth soon. In addition, the DSCR loan is a good option for businesses that may not qualify for traditional bank financing. This is because the DSCR loan is based on the business’s sales, rather than its credit score.
A DSCR loan can benefit you by providing you with access to financing that you would not otherwise have access to. Additionally, a DSCR loan can help you to improve the cash flow and access financing for expansion or other purposes.